East River Fifties Alliance Files New Zoning Plan, Promotes Affordable Housing; Manhattan Borough President Brewer, City Council Members Kallos and Garodnick, and State Senator Krueger Co-Sign
After months of intense preparation, our clients, the East River Fifties Alliance (ERFA), just filed a new zoning plan for Manhattan’s Far East 50s (the area between 52nd Street and 59th Street, east of 1st Avenue) with the Department of City Planning. The new zoning plan would restrict supertowers and out-of-scale development in that neighborhood, while providing for affordable housing. Not only that, but they had an elite list of co-filers: Manhattan Borough President Gale Brewer, City Council Members Ben Kallos and , and State Senator Liz Krueger.
This proposal, created via a partnership between the community (through ERFA) and city planners, is one of the most sweeping community residential re-zoning plans in City history, and the first plan of its kind to include affordable housing as a component.
Currently, the Far East Fifties is vulnerable to gigantic megatower development because its zoning is left over from the 1960s and sets no specific height limits on apartment buildings. It’s the last residential-only segment of the city that remains without such protections. (The same zoning is generally limited to busy commercial or mixed use avenues in Manhattan.) In fact, one developer has already proposed a wildly oversized 1,000 foot megatower on East 58th Street between First Avenue and Sutton Place that would dwarf the entire neighborhood. ERFA is working to prevent not only that project but all others like it.
As Mayor de Blasio has voiced repeatedly, NYC needs affordable housing badly. ERFA not only agrees, but the neighborhood is welcoming such opportunities with open arms. This new zone would urge developers to devote at least 25% of new units to affordable housing in the neighborhood.
As it stands, the East River Fifties’ R10 zone and equivalent zones throughout the city only create about 4-5% affordable units with each new development. If fully implemented, the ERFA plan would nearly quadruple the amount of affordable housing in new developments in our neighborhood. The details of how that goal could be best met – whether by making the affordable housing component mandatory, voluntary, or by some other formulation – will be determined in ERFA’s negotiations with City Planning. it will enter a review process that moves through the various levels of New York City’s government for approval. You can learn more about ERFA and its new zoning plan at www.erfa.nyc
The media is already excited and we’ve received a slew of stories. Here are a few: City Land (New York Law School), Crain’s New York Business, Curbed, DNA Info, , New York Daily News, , Realty Today, and The Real Deal.